Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005.
Builders’ confidence in the market for new single-family homes increased as the National Association of Home Builders’ housing. a post-recession high – a strong indicator that the housing market.
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"Growing confidence among consumers is what’s fueling this optimism among builders," said Kevin Kelly, a home builder and NAHB’s chairman. Economists polled by MarketWatch had expected the gauge to rise to 56 in November from 54 in October. The gauge had dropped in October from a nine-year high hit in September.
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NAHB: Homebuilder confidence hits 9-year high Mortgage applications and home sales figures aren’t deterring homebuilders, who think they have some solid reasons to be confident in the market going forward – as confident as they were in 2005, no less.
The latest report from the National Association of Home Builders shows that builder confidence has reached a four-year high, with many contractors liking their prospects for 2012. The NAHB/Wells Fargo Housing Market Index (HMI) measures survey results sent to builders every month.
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.
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Builder Confidence at a 12-Year High. Filed in Economics by NAHB Now on March 15, Homebuilder Confidence Hits 12-Year Highs, NAHBNow is the official blog of the National Association of Home Builders and your one-stop source for home building industry news, product information and.
The National Association of home builders (nahb)/wells Fargo housing market index for September rose to the highest reading since November 2005. Homebuilder Confidence at 9-Year High Home
The leading gauge of home builder sentiment dropped in October. In September, the index had reached 59, the highest level since November 2005. The index, which measures builder confidence in the single-family home market, fell by 5 points to a seasonally adjusted 54 in October, according to the National Association of Home Builders this week.